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First State Asian Equity Plus I USD Dist

Ranked 13 out of 425 in - Asia Pacific Excluding Japan over 12 months
All calculations are in USD unless stated

Managed by

Richard Jones

Richard Jones is a director of First State Stewart Asia, part of First State Investments. Richard has more than 27 years of investment experience in Asia, focused on both company research and portfolio management. He joined the FSSA team in January 2010 and is based in Hong Kong. Richard is the lead manager of the First State Asia Innovation Fund, the First State Asian Growth Fund and the First State Singapore and Malaysia Fund. He is also responsible for managing a number of Asia Pacific Leaders portfolios on behalf of key client segregated accounts. Richard graduated from the London School of Economics with a first class degree in Economics (Government).

Martin Lau

Having graduated from Cambridge University with a Bachelor of Arts degree and a Masters in Engineering, Martin Lau has progressed from a somewhat industrious education to Investment Fund Management and now has over 10 years experience in the industry. Born in Hong Kong in 1972, Lau started his investment career in 1995 at BZW in London as part of their risk management team. He subsequently spent six years with Invesco as a fund manager responsible for the greater China funds, Smaller Companies fund and regional portfolios. Lau currently manages a range of China and Asia funds for First State. He describes his investment style for many of the funds he runs as bottom up stock selection with strong macro overlay. He also focuses heavily on quality, growth and price. A keen badminton player, Lau also enjoys playing tennis, walking and going to the cinema.


The Fund aims to grow your investment. The Fund mainly invests in shares of companies based in the Asia Pacific region (excluding Japan). The Fund invests in companies which pay a regular and above average income as well as having the potential for long term growth.

Showing fund performance globally. You can view performance in individual jurisdictions.


Asia Pacific Excluding Japan over : 31/10/2017 - 31/10/2018

Total Return

Quarterly Performance

to 30/09/2018 Annual Q1 Q2 Q3 Q4
2018 1.2% -1.0% 0.1%
2017 36.8% 11.4% 7.6% 4.8% 9.0%
2016 2.0% 1.1% 2.9% 5.1% -6.6%
2015 -2.8% 7.2% -2.2% -10.7% 3.8%
2014 13.7% 1.2% 8.2% 2.7% 1.1%
2013 4.3% 3.9% -5.7% 3.7% 2.6%
2012 24.7% 10.6% -3.1% 13.2% 2.8%
2011 -10.2% -2.1% 3.6% -13.9% 2.9%
2010 22.1% 1.6% -3.4% 19.1% 4.5%
2009 57.2% -2.7% 30.0% 18.6% 4.8%
2008 -38.0% -5.0% -4.5% -18.7% -16.0%
2007 35.1% 5.7% 14.7% 10.5% 0.8%
2006 30.7% 8.8% -2.4% 6.7% 15.4%
2005 20.5% 3.8% 3.7% 7.3% 4.3%
2004 28.9% 8.4% -4.6% 7.1% 16.3%
2003 14.0%

Month by Month Performance

Returns Vs Risk

Asset Allocation



Top 10 Holdings

Stock Size
Taiwan Semiconductor Manufacturing Co Ltd ORD 5.26%
HDFC Bank Ltd ORD 4.21%
CSL Ltd ORD 3.69%
Housing Development Finance Corporation Ltd ORD 3.60%
Oversea-Chinese Banking Corporation Ltd ORD 3.19%
USD Cash 3.14%
Samsung Electronics Co Ltd PFD 2.93%
Midea Group Co Ltd ORD 2.57%
ENN Energy Holdings Ltd ORD 2.31%
AIA Group Ltd ORD 2.25%

Registered For Sale In

  1. Germany
  2. Hong Kong
  3. Ireland
  4. Macau
  5. Norway
  6. Singapore
  7. Sweden
  8. Switzerland
  9. United Kingdom

Fund Info

  • Launch date14/07/2003
  • Share Class size2,710Mn
  • Base currencyUSD
  • ISIN IE0032834883

Purchase Info

  • Min. initial investment1,500
  • Min. regular additional investment0


  • Annual management1.50%

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Performance is for the period shown (month end to month end, bid/bid, gross income reinvested, calculated in USD).